Post by
Moemoney42 on Feb 01, 2023 10:24am
It appears
All the fear mongering is taking its toll on the energy sector.. the pushers of this narrative are hard at it as evidenced by the likes of smallcrapper.. the logic has gone out of trading these days, and has been algo/headline trading.. I guess if the media pounds the headlines of pending doom continually the markets will be irrational until the real issues on the ground show up.. then its too late.. we'll be in an even greater supply shock.. don't say you weren't warned..
Comment by
Moemoney42 on Feb 01, 2023 10:28am
Case in point.. crude barely moving price wise today, but the sector selling off hard.. the only thing I can put my finger on as a reason is the fear mongering taking place today with the pending fed speak..! IMO
Comment by
Moemoney42 on Feb 01, 2023 10:46am
LOL.. see what I mean.. smallcrapper shows up in minutes with meaningless EIA headlines of a small build in, lets face it, in one country.. pound that narrative smallcrapper, we all know you have an agenda here.. :-/
Comment by
barneyj44 on Feb 01, 2023 11:44am
It's normal to have builds this time of year with refinery maintenance excetera....
Comment by
SmokeyOB on Feb 01, 2023 10:48am
I'm not sure exactly what's going on today. People must be worried about rate hikes. Kind of funny that BP is trying to get out on the green energy. Lol